United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 77.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,294 shares of the transportation company's stock after selling 76,141 shares during the period. Washington Trust Advisors Inc.'s holdings in United Parcel Service were worth $2,452,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in United Parcel Service during the 4th quarter valued at $1,075,393,000. Raymond James Financial Inc. purchased a new position in United Parcel Service during the fourth quarter worth $393,680,000. Franklin Resources Inc. increased its position in United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in United Parcel Service by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Finally, Amundi raised its stake in shares of United Parcel Service by 14.6% in the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock valued at $1,272,600,000 after acquiring an additional 1,277,328 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.2%

NYSE:UPS traded down $0.23 during trading hours on Monday, reaching $100.95. The company's stock had a trading volume of 5,445,876 shares, compared to its average volume of 5,189,622. The stock has a 50 day moving average price of $98.18 and a two-hundred day moving average price of $110.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $85.48 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 1.78 and a beta of 1.22. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analysts Set New Price Targets

A number of equities analysts recently commented on UPS shares. Barclays dropped their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research note on Monday, March 31st. Wolfe Research dropped their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Hsbc Global Res cut United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Stifel Nicolaus decreased their price target on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group cut their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $120.26.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.